Ponzi World (Over 3 Billion NOT Served)

The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.

Wednesday, February 18, 2015

Straight to the Crash: Skip the Foreplay This Time

Like 2008 never ended. Because it didn't.

Unlike 2007/2008, money printing central planners have conveniently decided we don't need any warning this time.

Growth:Value ratio:

MW: Feb. 17, 2015
In the past six weeks, earnings expectations for this current quarter (ending March 31st), have dropped 7.7%

MW: Feb. 18, 2015
Stocks and Economic data are diverging like they did prior to the last two recessions

Low oil prices were good for Transports all last year. But not anymore. Who needs low energy costs, if there is nothing to transport?

Transports / Energy Sector Ratio:

Baltic Dry Index down another four percent today to a new all time low going back to 1986:

There are no buyers waiting underneath this shit show.